Textile exports plunge 67 percent
Wednesday, March 20, 2013
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Bank of Botswana figures released recently indicate that in 2012, textile exports averaged P152.4 million per quarter, swinging from a high of P330.4 million between January and March to a low of P79.3 million in the second quarter.
By comparison, 2011 textile exports powered home at P1.8 billion, averaging P454.4 million per quarter and ranging between P556.3 million to P335.3 million.The poorer 2012 figures comes as cabinet prepares to review a request by the textile sector for a fresh bailout of P500 million over five years. Between 2009 and 2011, government supported local textile manufacturers with a P38 million rescue package, which ultimately secured 5,591 citizen jobs.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...